What’s in the price of a gallon of gas?

As US gas prices climb, politicians are looking at ways to lower them. An economist breaks down what does − and doesn’t − move the number on the sign at the gas station.

By: Robert I. Harris, Georgia Institute of Technology, The Conversation

Outlets: The Conversation

Published: May 1, 2026

Words: 1,432

Last Updated: 2 months, 4 weeks ago

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By Robert I. Harris, Georgia Institute of Technology

The U.S. Energy Information Administration expects nationwide retail gasoline prices to average near US$4.30 a gallon for April 2026 – the highest monthly average of the year. The political response has been familiar. Georgia has suspended its state gas tax, other states are weighing their own tax holidays, and the White House has issued a temporary waiver of a law known as the Jones Act …

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